What makes this calculator different
PPF interest compounds annually on the yearly deposit. Enter the rate the Government has notified for the current quarter (7.1% has held for several quarters) and a tenure of 15 years or longer to see a flat-deposit projection; extension blocks and withdrawals are not modelled separately.
Common Questions
PPF Calculator FAQs
Common questions about the PPF Calculator and how to read its results.
Q01
What is the current PPF interest rate?
PPF interest is notified quarterly by the Government of India and has been 7.1% per annum, compounded annually, for several quarters. Check the Department of Posts or your bank for the current quarter's rate and enter it in the calculator.
Q02
Is PPF interest tax-free?
Yes — PPF qualifies under the EEE (exempt-exempt-exempt) regime. Contributions are deductible under Section 80C (up to Rs 1.5 lakh / year), the annual interest is tax-free, and the maturity amount is tax-free.
Q03
What is the PPF lock-in period?
15 years from opening. Partial withdrawal is allowed after year 7 (up to 50% of the balance at the end of the 4th preceding year). Loan facility from year 3 to year 6.
Q04
Can I extend PPF after 15 years?
Yes — in blocks of 5 years, with or without further contribution. Submit Form H within 1 year of maturity to extend. The account continues to earn interest indefinitely if not withdrawn.
Q05
What is the minimum and maximum PPF deposit?
Minimum Rs 500 per financial year (avoid inactive-account penalty). Maximum Rs 1.5 lakh per FY across all your PPF accounts combined (Section 80C cap).
Q06
Can I open a PPF account for my child?
Yes — minor PPF account is allowed. The Rs 1.5 lakh annual cap applies to parent + child combined under Section 80C, not separately.
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